Instruments and management of public revenue

Justin Ross

Chapter 12 in Research Handbook on Public Financial Management, 2023, pp 226-236 from Edward Elgar Publishing

Abstract: Providing public goods and services requires extractions from the productive private economy for financing. The government provides things of value to its citizens, but in order to provide them must sacrifice those citizens’ production and consumption in the private sphere to some degree. Public revenue management involves understanding and selecting revenue instruments in order to best satisfy citizen desires for goods and services produced in both the public and private sectors. This chapter begins by reviewing the normative economic theory of instrument choice which is rooted in maximizing citizen welfare against the constraints of needing to extract revenues. The cost of these extractions are distortions in the behavior of the individuals who must pay the tax. It then reviews what might be considered “organizational” considerations, but which have produced several indicators for tax revenue instruments that have merged in recent years, along with an associated literature that adopts them for evaluating systems.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781800379718.00024 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20388_12

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).